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|   | (b) | If (i) Lessee is unwilling or unable to accept delivery of the Aircraft on the date on which Lessor tenders the Aircraft for Delivery to Lessee in compliance with the Delivery
Condition Requirements and under and in accordance with Section 4.3(a), or Lessee fails to fulfill any Lessor Condition Precedent on or before such date or fails to perform any of its obligations under the Lease which are required to be performed by
Lessee, and (ii) the Lessee Conditions Precedent have been satisfied (or could reasonably be expected to be satisfied if Delivery were occurring), then the Rent Commencement Date for the Aircraft shall be deemed to have occurred on the date on which
the Aircraft is tendered by Lessor for Delivery in accordance with subsection (ii) of this Section 4.1(b), and Lessee shall be obligated to pay Rent for the Aircraft on and from such date regardless of whether the Delivery Date occurs or whether
Lessee executes Lease Supplement No. 1, but Lessor shall have no obligation to deliver the Aircraft unless and until all Lessor Conditions Precedent have been satisfied (or could reasonably be expected to be satisfied if Delivery were occurring). In
no event shall Lessee have or be deemed to have a lease interest or other possessory right in or to the Aircraft until Lessor tenders and Lessee accepts delivery of the Aircraft as evidenced by their execution of Lease Supplement No. 1.
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